KKR Seals Deal To Buy Sealy
NEW YORK - Kohlberg Kravis Roberts & Co., a New York investment firm, announced yesterday it would buy Sealy Corp., the worlds biggest bedding manufacturer, from a group of private equity investors led by Bain Capital for $1:5 billion, the New… Read more.March 5, 2004
Carl Ross Spills Secret To Staying Hip During Hospitality Slump
MIAMI - A veteran of the hospitality industry, Carl Ross is one of the lucky few designers who have managed to expand business even during the industry's sluggish periods. Wide-eyed and beaming, he shifts to the edge of his seat at the Royal… Read more.March 2, 2004
Joan's McCallum Closes World's Largest Jacquard Plant in Fall River
LOWELL, Mass. - Joan Fabrics Corp. owner Elkin McCallum began a gut-wrenching restructuring of his upholstery mills this summer that included the October closing of a 300,000-square-foot jacquard plant in Fall River, Mass. McCallum laid off… Read more.March 2, 2004
Wunderkind Schimmel Joins JAB; Popper Retires
BIELEFELD, Germany - For over a quarter century, the old adage ''the more things change, the more things stay the same'' could easily have characterized JAB, the world's largest wholesaler of home furnishings and fabrics. Sure, some of the players… Read more.March 2, 2004
Scalamandre Opens for Business at D&D Building in New York
NEW YORK – Scalamandré, the pre-eminent luxury home furnishings house, opened its New York showroom in October at the D&D Building's new five-story annex. Scalamandre CEO Mark Bitter said the company moved from its five-story Third… Read more.February 25, 2004
Large Retailers and Design Steer U.S. Textile Industry
NEW YORK—The U.S. textile companies that survive the ever-tightening industry will become distributors – not manufacturers of their products – by outsourcing their manufacturing process offshore, said James Richman, president… Read more.February 25, 2004
Inspirations Launches Made-Ups Line
MUMBAI, India—Inspirations, the textile division of Anglo-French Drugs & Industries Ltd., inaugurated its made-ups business this year. Abhay Kanoria, president of the Indian upholstery weaver, said he expects to sell 70 percent of its… Read more.February 25, 2004
Bradsal OutBlack Lining Sales Up in U.S. and Europe
MELBOURNE, Australia—Sales of Bradsal OutBlack, blackout drapery lining, are up in the United States and the United Kingdom since Bradsal gave Hanes Fabrics exclusive U.S. distribution rights to sell Bradsal products in 2002. "OutBlack… Read more.February 25, 2004
